Colorado vs Arkansas Taxes: Income, Property & Sales

Does Colorado or Arkansas have lower taxes? We answer that in a variety of ways below:

Colorado vs Arkansas Income Tax Comparison

	Colorado	Arkansas
Income Tax Rates & Thresholds	4.40%	2.00%: $0-$4,300 4.00%: $4,300-$8,500 4.90%: $8,501+
Median Income	$89,930	$53,980
Income Tax Paid On Median Household Income	$16,055	$7,352
Income After Tax Based on Median Household Income	$73,875	$46,628

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Colorado vs Arkansas Property Tax Comparison

	Colorado	Arkansas
Average Property Tax Rate	0.40%	0.53%
Average House Price By State	$555,300	$199,284
Average Property Tax Owed Per Year	$2,221	$1,056
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$45,572

Colorado vs Arkansas Sales Tax Comparison

	Colorado	Arkansas
Average State Sales Tax	2.90%	6.50%
Average Local Sales Tax Across the State	4.87%	2.97%
Average Combined Sales Tax Rate	7.77%	9.47%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$3,942
Maximum Disposable Income Based on Median Household Income	$66,488	$41,629

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Colorado	Arkansas
Income Tax Owed	$4,271	$4,906
After Tax Income	$35,729	$35,094
Income After Income & Property Tax	$33,508	$34,038
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$31,093

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Colorado	Arkansas
Income Tax Owed	$8,109	$8,933
After Tax Income	$51,891	$51,067
Income After Income & Property Tax	$49,670	$50,011
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$45,684

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Colorado	Arkansas
Income Tax Owed	$13,419	$14,433
After Tax Income	$66,581	$65,567
Income After Income & Property Tax	$64,360	$64,511
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$58,930

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Colorado	Arkansas
Income Tax Owed	$18,729	$19,933
After Tax Income	$81,271	$80,067
Income After Income & Property Tax	$79,050	$79,011
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$72,176

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Colorado	Arkansas
Income Tax Owed	$11,852	$13,525
After Tax Income	$88,148	$86,475
Income After Income & Property Tax	$85,927	$85,419
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$78,029

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Colorado	Arkansas
Income Tax Owed	$24,182	$26,330
After Tax Income	$125,818	$123,670
Income After Income & Property Tax	$123,597	$122,614
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$112,007

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Colorado	Arkansas
Income Tax Owed	$37,457	$40,080
After Tax Income	$162,543	$159,920
Income After Income & Property Tax	$160,322	$158,864
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$145,121

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Colorado	Arkansas
Income Tax Owed	$51,651	$54,749
After Tax Income	$198,349	$195,251
Income After Income & Property Tax	$196,128	$194,195
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$177,395

FAQ

Does Colorado or Arkansas have lower income taxes?

Colorado’s income tax falls into the following range: 4.40%

Whereas Arkansas’s income tax is the following

• 2.00%: $0-$4,300
• 4.00%: $4,300-$8,500
• 4.90%: $8,501+

Does Colorado or Arkansas have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Arkansas has an average property tax rate of 0.53%

Does Colorado or Arkansas have lower sales taxes?

Colorado has a state sales tax rate of 2.90% and an average local rate of 4.87% for a combined total rate of 7.77%.

In contrast, Arkansas has a state sales tax rate of 6.50% and an average local rate of 2.97% for a combined total rate of 9.47%.

Do you get to keep more money in Colorado or Arkansas?

Based on median household income after income, property and sales taxes Colorado gives you a maximum amount of disposable income of $66,488

In comparison, Arkansas gives you $41,629.

More Comparisons:

Colorado vs Mississippi
Colorado vs Kansas
Colorado vs New Mexico
Colorado vs Nebraska
Colorado vs Idaho

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/